NEW YORK (AP) — Most U.S. stocks are falling Tuesday following President Donald Trump’s latest escalation in his trade war, pulling Wall Street 9% below its record set just a month ago.
The S&P 500 was down 0.6% in midday trading after Trump said he would raise tariffs on steel and aluminum coming from Canada, doubling their planned increase to 50%. The president said it was a response to moves Canada made after Trump began threatening tariffs on one of the country’s most important business partners.
The Dow Jones Industrial Average was down 443 points, or 1.1%, as of 11:30 a.m. Eastern time. The majority of stocks on Wall
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